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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert New who wrote (54661)	6/20/2000 12:44:00 AM
From: Tunica Albuginea	Read Replies (2) \| Respond to of 99985

Robert New, this is definitely a thread for Market Direction and Analysis: I remain firmly bullish on the outlook: Here is a stock: Akamai, 12 Bill Cap with 1 mill in revenues clearly destined to go higher and drag with it ( up, that is ) the market ( since AKAM is clearly in the " heart of the New Economy ": Read the SI thead yourself siliconinvestor.com but here below is a sample, TA ---------------- On Jan. 6, after the stock had just come off its peak, Akamai issued a press release with an impressive list of new clients for the company?s speed-optimized Web hosting services. The list included major search engines, e-tailers, Web ad-service companies, software companies and more. BarbaraT wrote. . . DLJ puts out a buy on AKAM announced AKAM customer base more than doubled in past 6 weeks. Tom Hua responded. . . Doubled from what? that's the real question. From 1/1/99 to 9/30/99, AKAM had total revenues of about $1 million. Almost half of that were derived from Apple Computers. It doesn't sound like they had too many customers to start with. Rupert_E wrote to the Akamai (AKAM) thread. . . The only thing nuttier than buying this at these levels is shorting this at these levels. Since I originally posted that I thought this is overvalued, its market cap has increased about $12 billion. I've no position in this but it is incredible to watch. Someone buying this stock today with the hope that it will double for them is betting that it will be worth several billion dollars more than GM. Yes the valuations of these celestial hosts had certainly got a little ahead of themselves. After Akamai?s press release, Rupert_E added.. There's some good new customers, but AKAM's press release about doubling their customer base is so puffed-up it's hard to read it through to the end. Yuk. Any technology this good should basically have ascended by now. The word "proud" is used about 7 times in the press release. Doesn't pride come before a fall? Show me the money Fall indeed. These high-speed hosting stocks were Internet darlings in the latter part of last year. They had all the right key words going for them -- infrastructure, B2B, big bandwidth. But just as quickly as they rose, the stocks turned around and plunged. Exodus lost 70 percent from the March high to the May low. Akamai and Digital Island lost over 80 percent in the same time frame. They gave up all that they had gained, and in the case of Akamai, the stock dropped well below the price where it sold on the day of its IPO. Neil Cassady explained one reason for the desolation among these former angels to the Digital Island thread on April 9. . . ============================ You said: Message #54661 from Robert New at Jun 20, 2000 12:34 AM ET >>>Is this board a discussion on "Market Direction" or "Bears Anonymous".>>> Funny thing I've thought the same thing for years...<ggg> Its amazing the spin put on data at times in here!!!

To: Robert New who wrote (54661)	6/20/2000 7:57:00 AM
From: Casaubon	Read Replies (1) \| Respond to of 99985

You're only reading what you want to see. There is plenty of bullish analysis on this thread. In fact, I was possibly the first to post the "inverse head and shoulder bottom" on the NDX to American Spirit, when we started the retrace move to the neckline! While it is true that I was expecting a short term move down, from the neckline, to form the right shoulder, that does not mean I am bearish. I have made money in one of the up and coming "biotech" companies, which is now showing "market leadership" and have espoused this sector from the bottom after having missed the previous top (which, by the way, was nailed by bobby beara). There is a lot of useful info here. It is up to individuals to make decisions based upon what has been posted, and more importantly, their own analysis. If you don't like the opinions that are posted here, don't read them.

To: Robert New who wrote (54661)	6/20/2000 8:39:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

Robert New: As I say to all the bulls that drop in to snipe, you are welcome to help balance the board with your bullish analysis, but not to drop in and just bitch. Regards, LG

To: Robert New who wrote (54661)	6/20/2000 1:36:00 PM
From: eichler	Read Replies (2) \| Respond to of 99985

Hi R.N. FWIW, As a relatively new trader that did very well during the Dec-Mar run up and then lost half of my gains in the 2 mos. following....I have come to appreciate the value of the "bearishness" of this thread. If I had been more open-minded earlier, my losses would have been cut much sooner. It's one thing to have a positive outlook, quite another to ignore the reality of a negative market. Why blame many of the learned contributors on this thread for seeing things as they are? Also, it is interesting to note that who I thought to be a perma-bear (beara) called for this current rally as it began....knocked my socks off. You just never know! Lessons: Labeling contributors as bull/bear are not helpful assumptions. Keeping an open-mind is the best defense against ignorance and stupidity. Be willing to make $ up....and down. Sincerely, Eichler P.S. I hardly consider this thread bearish anymore and if/when bearishness is "too much"...I listen!